Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-10
an IMPORTANT deal.
Continued from First Page.

because OF Mr.. CARROTS refusal to make
any communication in regard to the mat
! ter, and the people here generally have
settled down to the conclusion that
the deal has been effected, and that
Baltimore will become only way station
IN the great railroad system.
sULLY DOESN'T DENY IT.
New YORK, March 9.-Alfred Sully was
applied TO by reporter OF the Evening
| Post to-day for some statement IN regard
| to the circumstantial reports that syn
dictate represented by him has virtually
concluded negotiations with President
Robert Garrett of the Baltimore and Ohio
( for the purchase of controlling interest
| in that road and its dependencies. Mr..
Sully said that he preferred to say nothing
until he could state something definite,
and that he was not yet in position to
DO SO. When the reporter remarked that
he supposed the fact Of the purchase was
not denied, Mr.. Sully admitted that this
was perty well understood, but ne said
he was not prepared to announce the
names of the parties concerned or the
terms of the agreement.
1t was reported in the street to-day
that the price paid by the syndicate for
the Baltimore and Ohio stock was 1928,
but well informed and prominent
banker said he had good reasons to
believe it was not much over $500. A
| leading bank president in commenting on
the Importance of the reported sale, said
that the railroads represented in the pur-
chasing combination or IN harmony,
would then have control OF all the anthra-
cite coal territory in the country.
Alfred Sully is understood to represent
! the interests of Austin COrbin. The
Reading, Pennsylvania, Jersey Central
and New York Central are al understood
! to be parties to the great deal. A promi-
nent broker remarked to-day that the
new combination would represent the
| New York Central, the Erie, the Pennsyl-
vauia Central, the Reading and the Jersey
J Central Roads, and that these would COM
mand all the business coming into
! New York. In connection with the Rich
mond Terminal andithe East Tennessee,
! Virginia and Georgia Roads, the new sys-
TEN will have control of nearly all the
seacost lines from New York to Florida.
! In connection, too, with the Indianapolis,
Bloomington and Western Railroad and
the subsequent absorption by that road
/ of the OHIO Southern, or the making OF
amicable arrangements with that line, the
| combination would control all the
bitumin0us coal territory except
that covered by the Buffalo, Roch-
ester and PIttsburg. 1t is understood
that negotiations of some kind are on
foot for control of the latter road also.
1t is supposed that capitalists interested
in the Adams Express Company are
among the hackers of the Sully party,
with view OF acquiring control of the
Baltimore and Ohio express business, as
they have acquired that of the Reading.
As to the Baltimore and Ohio Telegraph
line, the syndicate will be in position to
make terms with the Western Union
Company if they find this to their in
| tereSt.
ARRANGING THE DETAILS.
NEW YORK, March 9.-The executive
committee of the Richmond Terminal
Company met to-day to consider the mat
ter of absorbing the Baltimore and Ohio
aud other lines of the system. Action
was deferred until tomorrow. 1t is IN
derstood that the purchase of Baltimore
and Ohio stock will be provided for by
collateral trust bonds in which the Balti-
more ard OHIO stock will be placed and
the bonds taken by the syndicate. Coun-
sci for the company are now at work on
the details of the agreement.